Tambuwal urges

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The Speaker of the House of Representatives, Aminu Tambuwal, has urged a restart that “forgets the past” in the controversial capital market probe that was encumbered with multiple bribery allegations.

Mr. Tambuwal said Nigerians should “put behind” the events that pitched lawmakers, who were supposed to investigate the near collapse of the nation’s capital market, against the Security and Exchange Commission (SEC) forcing the resignation of the Herman Hembe led committee.

Mr. Hembe was accused of demanding N44 million money in bribes from the commission, while the lawmakers in turn, accused the Director General of SEC, Arunma Oteh, of offering him a N30 million bribe.

Both officials were questioned by the Economic and Financial Crimes Commission (EFCC) a week after Mr. Hembe stood down for a newly convened committee. The House internal probe into the allegations is expected this week.

At the start of a fresh sitting by the new Ibrahim El-Sudi adhoc committee Tuesday, Mr. Tambuwal said the focus of the new hearing should be directed at actually establishing the troubles of the capital market as envisaged by the initial inquiry.

“We are all aware of the history of this hearing. We have come full cycle and we are moving all over where we started,” said Mr. Tambuwal, who was represented by Minority Leader, Femi Gbajabiamila.

“I want us as Nigerians to put whatever that happened behind us. This is a new beginning. Our main goal should be for us to dig and ask questions about what led to the crash of our capital market.”

After an episode that that opened the House to vicious condemnations, lawmakers this time appeared poised and cautious as the fresh hearing began.

Mr. El-Sudi repeatedly mentioned that the sitting is not to “witch-hunt” and assured those in attendance and officials invited that the committee derived its powers of investigations, from the constitution.

“We are not claiming to know all and we will not be judgmental. What you tell us is what we will ask you,” he said during a sitting attended by Ms. Oteh.

Ms. Oteh sat calmly throughout the session. She is scheduled to address the committee on Friday.

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